HS Code:
The category of sweaters, pullovers, sweatshirts, waistcoats (vests), and similar articles, knitted or crocheted (HS Code: 6110) encompasses a wide range of apparel items made from knitted or crocheted fabrics. These products are typically used for casual and semi-formal wear across various climates and seasons. This category includes items made from wool, cotton, synthetic fibers, and blends, catering to diverse consumer preferences for comfort, style, and functionality. It is a significant segment of the global apparel trade, driven by fashion trends, seasonal demand, and the growing popularity of sustainable and ethically produced clothing.
Total Trade Volume
USD 45.3 billion
Data from 2022
Source
United Nations Comtrade Database & International Trade Centre (ITC)
USD 18.5 billion
40.8% of total trade of total trade
Increasing
USD 6.2 billion
13.7% of total trade of total trade
Increasing
USD 4.8 billion
10.6% of total trade of total trade
Increasing
USD 3.1 billion
6.8% of total trade of total trade
Stable
USD 2.5 billion
5.5% of total trade of total trade
Increasing
Average Rate
12.5% ad valorem
Highest Rate
32% (applied by certain developing countries on imports to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as EU-USMCA or within regional blocs like the EU)
Rising demand for sustainable and organic materials
Increased production of eco-friendly sweaters using organic cotton and recycled fibers, influencing consumer preferences and brand strategies
2021-2023
Growth of fast fashion and e-commerce
Rapid turnover of styles and increased online sales channels have boosted trade volumes, especially from low-cost manufacturing hubs like Bangladesh and Vietnam
2020-2023
Shift towards athleisure wear
Growing consumer preference for comfortable and versatile clothing has driven demand for sweatshirts and casual pullovers globally
2019-2023
The European Union introduced new regulations under the EU Strategy for Sustainable and Circular Textiles, mandating transparency in supply chains for knitted apparel, including sweaters and pullovers.
March 2023
Increased compliance costs for exporters to the EU but also a potential boost for brands with established sustainable practices.
Ongoing trade disputes have led to additional tariffs on Chinese knitted apparel imports to the US, prompting a shift in sourcing to countries like Vietnam and Bangladesh.
January 2022
Diversification of supply chains and potential cost increases for US consumers.
Bangladesh announced investments in textile infrastructure to increase production of knitted apparel, aiming to capture a larger share of the global market.
July 2023
Strengthened position as a leading exporter, potentially lowering prices due to economies of scale.